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BITCOIN: Triangular formation…

January 17, 2019 Published by

Remember my post yesterday and my main Two Possibilities … Should I reconsider those scenarios ? Well, you have always to review and control the Plan, however, I have to say that both possibilities are still valid but one is taking more chances to be correct…

Today, BITCOIN has been drawing a nice Triangular Pattern, One spike up (b), another one down, repeating the same level…(a), (c).

Currently another green candle seems defining the (d)…

Breakage of the triangle usually happens on (e) but it can also happen on (d) as well so, we have to pay attention to the action of Bitcoin

Russell 2000…Look For It To Start Turning Down

January 17, 2019 Published by

They say the Russell 2000 leads the way down and leads the way up. 

The Russell 2000 lead the way down last quarter dropping almost 30% from its Aug 31 high vs the S&P 500 dropping almost 15% over the same period.

What a difference a new quarter and year make. The Russell 2000 has led the broader market, rising nearly 8% vs the S&P 500’s nearly 5% rise.  However, the Russell 2000 leading the broader markets might be short lived. 

Usually towards the end of the business cycle, rising interest rates hurt smaller companies the most because they have a higher debt

Crypto Contest January 17: Augur

January 17, 2019 Published by

Augur (Bittrex: REPUSD) has broken out of the triangle pattern in the weekly chart.

(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Augur began a wave one advance in December 2016. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018.  If this wave count is correct, Augur should be heading next towards the January 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Augur is a decentralized oracle and peer to peer protocol for prediction markets. Veil, a peer-to-peer trading platform built on Augur,

Has GE Bottomed??? – Part 2

January 17, 2019 Published by

Three weeks ago, I wrote about GE because I was starting to see articles questioning whether GE had bottomed.

But before considering going long, the conviction for me would be if price can pull back to the daily demand at $6.75, then take out the $8 level, the bottom in GE would be more convincing at that point.

Has GE Bottomed???

GE not only came back to retest the daily demand at $6.75, but closed above the $8 level.

Now the same analyst who upgraded the stock, when it was in the $6 range citing a more citing a more “balanced risk-reward” profile and

BITCOIN: Current Possibilities

January 16, 2019 Published by

Two Target supports, two different alternatives…

Assumption: Extended 5th still on going

Last 5th wave of the down-cycle may be composed by 5 subwaves (Brown). First wave (very long IMO) and 2nd wave completed… 3rd wave on going…

Target limit 3375 USD (Target support 2)

Assumption: 5th wave completed

1st wave (brown) up completed, building the 2nd… If BTC rebounds on the “Target support 1” around 3537 USD then the EW count is valid and the 3rd wave upwards will be formed…

Entry Target: 3540 after rebounding on the support 1.

@toofasteddie

*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this

Ethereum Hardfork Delayed

January 16, 2019 Published by

The Ethereum network is scheduled for a hard fork called Constantinople today.  But unlike the hard fork on Bitcoin Cash in recent months, this hard fork is expected to not cause any issues as all transaction validators are likely to upgrade their software which will be a plus for the Ethereum community.

The upgrade is intended to reduce mining rewards from three to two, speed up processing times, improve the way the network monetizes data storage and address crypto scalability — the ability to process transactions efficiently and quickly.   Thus, this hard fork is likely to be positive for the valuation

Crypto Contest January 16: NoLimitCoin

January 16, 2019 Published by

NoLimitCoin (Bittrex: NLC2BTC) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, NoLimitCoin began a wave one advance on November 23, 2018. The red wave one finished on December 3, 2018, and the red wave two correction ended on December 7, 2018. The red wave three  (blue sub-waves i-ii-iii-iv-v) advance finished on December 27, 2018, and the red wave four (blue sub-waves a-b-c) correction ended on January 13 this year. If this wave count is correct, NoLimitCoin should be heading next towards the December 27, 2018 peak in the red wave five.

(Chart

Currency Analysis Report 1-16-19…Brexit Delayed Again

January 16, 2019 Published by

Two years ago, England voted to leave the EU.  Today, U.K. Prime Minister Theresa May asked Parliament to approve the withdrawal agreement with the European Union.  The withdrawal agreement was rejected by 432 votes to 202. The 230 vote defeat is thought to be the largest in U.K. political history.  U.K. government now has just three working days to map out a new plan of action.

The more Brexit lingers, the probability decreases England will leave the EU.  Many think leaving the EU will hurt England.  A Bank of England report in late 2018 said leaving the EU would result in

BITCOIN: Two possibilities, same result…

January 15, 2019 Published by

As explained yesterday… currently there are a lot of chances that the end of the correction has not been reached, and so, there may be a last move downwards in order to terminate the 5th wave down.

BITCOIN is now approaching the first target support on which I would expect some hesitance but, in order to complete the 5th wave down, I think there is a high likelihood of reaching a lower price than the one reached by the 3rd wave.

Using FIBONACCI Levels, right now BTC is touching the 61.8% of total retracement but, as you can see, does not seem

What’s Next For The US Dollar???

January 15, 2019 Published by

Almost a year ago, I made a bold statement that the US dollar would never see $100 every again.

Over half of all foreign currency reserves in the world are in US dollars. China, Russia and other countries have been making agreements to move away from the US dollar in international trade. At some point in the near future, China will become the world’s largest economy. In 2009, China became Africa’s biggest trading partner and China is seeking to expand the use of Chinese currency in Africa. The United Nations continues to talk about an alternative to the US dollar

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